Sankei Real Estate Investment Corporation has accepted City Index Fifth's TOB and will proceed with going private. The purchase price is approximately ¥46.9 billion, the tender offer period runs from 28 September 2026 to 10 November, and settlement begins on 17 November.
Sankei Real Estate Investment Corporation, a real estate investment corporation sponsored by Sankei Building, a subsidiary of Fuji Media Holdings, has announced a policy of accepting the tender offer by City Index Fifth and proceeding with delisting and going private. This is expected to improve capital efficiency and increase flexibility in its financing options.
The purchase price is approximately ¥46.9 billion. The tender offer price is ¥125,000 per investment unit, representing a premium of approximately 18.93% to the closing price on the business day before the TOB was announced. The number of units to be purchased is 375,636, and the minimum number of units to be purchased is 118,732, equivalent to an ownership interest of 25.42%.
Sankei Real Estate Investment Corporation has indicated its support for the TOB, but is maintaining a neutral position on whether investment-unit holders should tender their units. It has stated that the 19.58% of investment units held by specified related parties of City Index Fifth will not be tendered.
Sankei Real Estate Investment Corporation was established in 2018 and listed on the J-REIT market in 2019.